Question: Which statement about Penetration Pricing is incorrect? Wal - Mart is an example of a retailer who commonly employs Penetration pricing. Penetration pricing works best

Which statement about Penetration Pricing is incorrect?
Wal-Mart is an example of a retailer who commonly employs Penetration pricing.
Penetration pricing works best when target consumers are not price sensitive.
A goal of penetration pricing is to create or increase market share.
Penetration pricing can discourage competition.

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